Red Pine’s 600-metre Step out Drilling at Wawa Yields Best Intersection of the Year

In This Article:

Red Pine Exploration Inc.
Red Pine Exploration Inc.

Intersected 5.68 g/t Au over 10.72 m, including 19.05 g/t Au over 2.00 m in the Jubilee Shear

TORONTO, March 20, 2025 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to announce gold (“Au”) assay results from four (3) drill holes for 1,487 metres (“m”) of assayed drill core completed as part of its ongoing, fully funded 25,000 m drill program at its Wawa Gold Project, Ontario.

Highlights

  • Step-out drilling at the Jubilee Shear intersected 5.68 g/t Au over 10.72 m, including 19.05 grams per tonne (“g/t”) Au over 2.00 m, which is 600 m down plunge from previous drilling

  • Drilling at the Jubilee Shear indicates that newly discovered high-grade shoot could extend over more than 940 m

  • Near surface drilling at the past producing Parkhill Mine, located in the Hanging Wall of the Jubilee Shear, intersected 6.49 g/t Au over 1.11 m more than 300 m distance from the historical workings and confirms continuity of gold mineralization for future drilling

Michael Michaud, President and CEO of Red Pine commented: “We are excited that our drilling returned the highest grade and widest intersection from the current program and that it comes from a hole that can extend the high-grade core of the Jubilee Shear at depth by more than 600 metres. Our recent drilling indicates that this new shoot could extend over almost 1 kilometre along its plunge and that it remains open up- and down-plunge.

We are also excited that alteration related to gold mineralization in the new shoot appears to transition from white mica-dominated to chloritized biotite-dominated. As seen at other gold deposits in the Michipicoten Greenstone Belt, including the neighboring Island Gold Mine, this mineralogical change is often associated with higher grades. (Figure 3)

In addition, the deep holes targeting the Jubilee Shear were designed to test the upper extensions of the Minto Mine and the Parkhill #4 Shears that were historically mined. A drill hole commenced near the Parkhill Mine intersected high-grade mineralization over 300 metres away from this historic mining area.”

Discussion of Results (Table 1 and Figures 1 - 3):

Our current exploration strategy has been validated by finding new zones of high-grade gold mineralization in historically untested areas of the Wawa Gold Project. Deep drilling consisting of bold step-outs in the Jubilee Shear uncovered a zone of high-grade gold mineralization confirming that the high-grade core of the Jubilee Shear extends much beyond the 2024 mineral resource estimate (“2024 MRE”) that was filed on Sedar on Sept. 30, 2024 titled “43-101 Technical Report for the Wawa Gold Project” and Authored by WSP Canada Inc.